Fed’s warning stirs stagflation concerns
Due
MAY 3, 2024
The Federal Reserve, the central banking system of the United States, recently issued a warning that has sent ripples through the financial world. The message, delivered by Jerome Powell, the Chair of the Federal Reserve, was a stark reminder of the potential economic challenges ahead. The market’s reaction was swift and severe, with a 1.5% sell-off occurring in the last 31 minutes of trading on the announcement day.
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